Premier Oil updates Indonesian ops
Friday, January 15 2010 - 01:28 AM WIB
Estimated 2009 production (by interest) |
?Full year 2008 | |||
1H kboepd |
2H kboepd |
Total kboepd | Total kboepd |
|
| Anoa (28.67% interest, operator) | 8.4 | 9.2 | 8.8 | 8.4 |
| Kakap (18.75% interest) | 2.5 | 1.9 | 2.2 | 3.3
|
| Total | 10.9 | 11.1 | 11.0 | 11.7 |
Average 2009 gas prices ($/MCF) |
|
| 2009 | 2008 |
| 11.0 | 15.2 |
Development assets
1. Gajah Baru (Premier 28.67%, operator)
Fabrication of both the wellhead platform jacket and deck continues in Batam. The project was 33% complete at year-end for the construction phase, slightly ahead of schedule. Development well drilling is scheduled to commence in October 2010 and the project remains on track to deliver first gas by October 2011 to meet the terms of the gas sales contract.
2. North Sumatra (Premier 41.67%)
Following completion of the FEED studies in 2009, work continues on optimising the project prior to EPCI bids. The required Ministerial Decree relating to a number of PSC extensions, including this block, remains unsigned; the delay is impacting the project schedule although first gas is still scheduled for 2012 from Alur Rambong and 2013 from Alur Siwah.
Exploration and appraisal assets
3D seismic interpretation of the Tuna Block in Indonesia is almost complete; prospect selection will follow ahead of drilling of two wells anticipated in the third and fourth quarters of the year. Prospect maturation is also currently underway for the Buton Block, also in Indonesia, where a well is planned for the fourth quarter with results anticipated in 2011. (end of edited excerpt)
Indonesia 2010 exploration programme
| Well | Estimated timing | Licence interest (%) | Reserves range 1 (mmboe, gross, low-mean-high) |
| Tuna - Prospect A | Q3 | 65.00 | 30-100-150 (1) |
| Buton - Lead B | Q3 | 30.00 | 35-100-300 (1) |
| Tuna - Prospect B | Q4 | 65.00 | 30-80-150 (1) |
| Note: (1) Final pre-drill reserve estimates subject to ongoing technical evaluation | |||